maxthetrade
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Posts posted by maxthetrade
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2 hours ago, Spekulatius said:
Great article! It's true, you don't tell him what you want but he selects for you what is perfectly aged. I have tasted dozens of his cheeses and there was not a single one that wasn't perfect. His products are very affordable, if he wanted to maximze his profit he could easily charge three times as much (and I would pay it!).
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5 hours ago, Dinar said:
Where can you buy this champagne in North America? You are in Alsace? I looked up the cheese monger, he is in Alsace, no?
I don't know if this champagne is available in the US, it's a pretty small producer. The Clouets were scribes of the Kings and Napoleon gave them their land for faithful services. Bollinger is their direct neighbour. Even their entry level Grand Cru is at least as good as a Veuve Cliqout but cheaper.
I have a 6l Methusalem bottle for New Year's Eve, which I'll celebrate with a couple of friends in Denmark this year.
5 hours ago, Dinar said:I looked up the cheese monger, he is in Alsace, no?
2 hours ago, Spekulatius said:I Never heard about Maître Anthony, but he appears to be the bomb, so to speak. They call him the pope of cheese :
Yes, Maitre Antony is in Alsace, he's legend!! I have never had any other cheese that even comes close to his, for me he really is the pope (or god) of cheese! Usually you can only buy his cheese at his shop in Alsace or in a couple of Michelin star restaurants around the world. A few selected types may be available at some shops from time to time. I was told that Giscard d'Estaing was a huge fan and Otto von Habsburg a regular customer.
I'm only able to order from him due to some lucky circumstances and a mutual friend.
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14 hours ago, Parsad said:
The cheese looks wonderful, but those home made baguettes look spectacular! The crust looks perfect. Hard to find a proper baguette anywhere other than a French bakery!
Thank you Parsad! It's almost impossible to get a really good baguette here if you don't make it yourself. It's not difficult to make them but takes some time, so I make them only on special occasions.
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Well, I need a break from the relatives
Had some excellent vintage Champagne:
and some over 40 years old Tawny Port, my favorite Port of all time:
A perfect match with a cheese plate from Maitre affineur Antony and some selfmade Baguettes:
The cheese is in a class of its own, if you ever get a chance to taste his cheese do it, you won't regret!
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2 hours ago, Spekulatius said:
Car accident and fatality rates in the US are ~3x higher than Germany. That directly impacts insurance costs. You also need to pay for the countless uninsured drivers here (it’s a line item in your insurance bill and optional).
Interesting, I didn't knew this. I would have thought litigation (ambulance chasers) is the primary cause for the difference in price.
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6 hours ago, Libs said:
The Cathy Woods of the world are easy to spot and avoid. But Einhorn seemed legit.
Exactly. I've owned some GLRE in the past and still find it hard to tell when Einhorn lost it.
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1 hour ago, Parsad said:
It will hit $900 during the 1st Q of 2023 and $1,000 by the end of 2023...a year ahead of schedule. Prem's $150M investment will be $300M pretty soon!
And those total return swaps are going to look pretty damn good too!
Most likely! The stars really seem to be aligned...
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On 12/13/2022 at 9:14 PM, Cod Liver Oil said:
Strange but true::
Geico is trying to raise my car insurance premiums (NJ) from $700 to $4000 (500% increase). They said it is because my wife got a speeding ticket a year ago. No claims or change in driving habits otherwise.
Wow, car insurance in the US is very different from Germany. I pay ~500€/year for liability and full comprehensive coverage for a BMW X3M40i, I have never seen such an increase. Speeding tickets don't increase your premium over here, only actual accidents. Otherwise I'd be fucked
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7 hours ago, no_free_lunch said:
Bought a little MMM (1% position). This is a stalwart, some moat, long history of slowly chugging forward. Not something you will get rich on but also priced to underperform. It's down over 50% from all time high and now trades around 12-13x earnings with a 4.7% dividend. Anyone else looking at this one?
I've been writing puts on this name, seems reasonably cheap to me.
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The Crazy Hot Matrix!
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1 hour ago, Viking said:
We can be very hard on Fairfax and their management team. Today i tip my hat to them. They appear to have learned from past mistakes. Largely corrected past mistakes. And have been executing well for the past 5 years. As a result of all their hard work, today both the insurance and investment operations at Fairfax are positioned exceptionally well at the same time. That is a big deal for Fairfax investors.
Bottom line, Fairfax’s future has never looked brighter. So my guess is the shares will power even higher in the coming years. Prem and company have got their mojo back! Well done!
In general I agree and like you I'm quite positive for the next couple of years but I think there are still a few things that need to be adressed. Brit is on top of that list, recent performance has simply been unacceptable. I'm no fan of Recipe and hope they'll flip it for a decent profit, at least they don't seem to have overpaid in this case.
My main concern is that they'll buy some crap or something outside of their circle of competence again instead of repurchasing shares or buying decent businesses.
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Transmutex from Switzerland is working on a very interesting technology that burns long lived nuclear waste. It dramatically reduces nuclear waste and the half life of it.
https://www.transmutex.com/technology
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6 hours ago, Viking said:
Nice to hear that others find value in some of the posts. I use writing as a way to get my thoughts in order. And i love it when people take the other side as i spend a fair bit of time trying to figure out why i am wrong. I think my track record is pretty decent figuring out the earnings part of the equation. I am pretty terrible at figuring out the multiple expansion part of the equation (i tend to sell my big positions too early).
I certainly appreciate your posts! My earnings estimate is somewhat lower, main difference is that I assume $1,000 UW profit and I have share of profits of associates a bit lower, but haven't updated that number lately. I also don't include gains on the equity portfolio until they show up. But that's just because I like to err on the side of caution. If we see an average catastrophe year and calm markets your estimate is entirely reasonable.
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1 hour ago, gfp said:
Thanks for posting Libs - great stuff
Indeed! Of course I read the Buffett biographies but it was nice refresher. I send the article to my nephew and he immediately asked if I can lend him the biographies...
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9 hours ago, gfp said:
his screenshot is from National Indemnity Q3 NAIC filing - showing purchases of stock inside National Indemnity only. I thought it was interesting that Buffett was buying TSM as early as August 25th at around $88/share.
Thanks for sharing!
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The earnings call transcript is now available:
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Up 7.2% YTD, 100% invested. Pain level 0 right now, was maybe 5 earlier this year.
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2 hours ago, Castanza said:
said it was "pretty" lmao ... her only criteria for buying liquor.
You are lucky! She could have bought Creme de violette, that stuff is gross
I still have an almost 10 year old unused bottle in my cellar... I don't like the Aviation and don't know what else to do with it.
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30 minutes ago, glider3834 said:
viking I hope its 1.
Same here!
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35 minutes ago, Spekulatius said:
The Chinese were just the first to recognize the importance and put effort in developing those mines.
I'd rather say the chinese were the most willing to pollute their environment and hence the cheapest place to do rare earth mining. It's a very dirty process producing lots of toxic waste, about 2000 tons of toxic waste for every ton of rare earth.
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The 10-Year minus 3-Month Treasury has turned negative. I think there always followed a recession when this happened. Sample size is pretty small though.
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4 hours ago, tede02 said:
Although I'm in finance, I love doing physical work. Building stuff, cutting wood, carpentry, tractor work, etc. I get a huge sense of satisfaction from this kind of work.
I agree! It's very satisfying to build something with your hands. A couple of years ago I designed, built and tested a few telescopes, it was very rewarding to see images taken with these instruments that captured light millions and in some cases billions of years old!
Today one of my hobbies is cooking, I enjoy to be able to produce something that is as good if not better than what I had in the very best restaurants of the world. And you can enjoy a bottle of excellent wine and don't have to drive after dinner;-)
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Here is a good interview with Russell Napier, I agree with a lot what he says. Financial repression and home- /friendshoring will be big themes over the next decade.
https://themarket.ch/interview/russell-napier-the-world-will-experience-a-capex-boom-ld.7606
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28 minutes ago, ValueMaven said:
Brilliant acquisition for Berkshire ... Y fits in very nicely inside the Insurance business
I agree, it's an excellent aquisition not only financially but I like that Brandon is rejoining Berkshire.
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Merry Christmas Everyone!
in General Discussion
Posted
Merry Christmas! And thank you Parsad for maintaining this incredible board!